CCI Conducts AI Market Study to Assess Competition
By Rediff Money Desk, NEWDELHI Dec 08, 2023 17:00
CCI is conducting a market study on the impact of artificial intelligence (AI) on competition, aiming to understand AI dynamics and support competition-enhancing AI while curbing stifling practices.
New Delhi, Dec 8 (PTI) Fair trade watchdog CCI is conducting a market study to assess the impact of artificial intelligence on the competition landscape, the regulator's chief Ravneet Kaur said on Friday.
In recent times, there has been an increasing use of artificial intelligence (AI) applications in several sectors.
"We are doing a market study on artificial intelligence... In that study (we will) try to understand the dynamics better. We can differentiate what kind of AI that we would like to support and which one is stifling competition," Kaur said at an event organized by industry chamber FICCI here.
This can provide valuable insights into the competitive landscape.
The CCI has the mandate to curb unfair business practices in the marketplace across sectors and also promote fair competition.
Since its inception, the CCI has cleared 1,000 combinations, mergers & acquisitions cases, Kaur said.
The CCI has played a key role in regulating and ensuring a competitive market in the country.
In recent times, there has been an increasing use of artificial intelligence (AI) applications in several sectors.
"We are doing a market study on artificial intelligence... In that study (we will) try to understand the dynamics better. We can differentiate what kind of AI that we would like to support and which one is stifling competition," Kaur said at an event organized by industry chamber FICCI here.
This can provide valuable insights into the competitive landscape.
The CCI has the mandate to curb unfair business practices in the marketplace across sectors and also promote fair competition.
Since its inception, the CCI has cleared 1,000 combinations, mergers & acquisitions cases, Kaur said.
The CCI has played a key role in regulating and ensuring a competitive market in the country.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.36 ( -0.12)
- 56233421
- Srestha Finvest
- 0.60 (+ 3.45)
- 40360444
- Standard Capital
- 0.99 ( -1.00)
- 23259568
- AvanceTechnologies
- 0.92 ( 0.00)
- 16468235
- Gujarat Natural Res
- 24.73 (+ 4.13)
- 12245243
MORE NEWS
Bihar Food Processing Investors' Meet: Chirag...
Bihar hosts a food processing investor meet on December 2nd, showcasing its potential...
India's Coal Production Rises 7.2% in November
India's coal production increased by 7.2% in November 2024 to 90.62 million tonnes,...
Petrol & Diesel Sales Surge on Festive Demand
India's petrol and diesel consumption rebounded in November, driven by festive season...